Gujarat Ambuja Exports Limited (Weekly Chart)

Rounding Base Breakout → Structural Trend Reversal in Play Timeframe: Weekly CMP: ₹147 Structure Bias: Emerging Bullish 🟢 12-Month Rounding Bottom Formation Clear cup structure visible: Left top: ~₹150 Bottom: ~₹100–₹105 Right side recovery complete Price now testing neckline (₹150 zone) This is a long base breakout attempt, not just a swing move. Longer the base → stronger the breakout. 📐 Measured Move Projection Depth of cup ≈ ₹47 Breakout above ₹150 gives: ₹150 + ₹47 = 🎯 ₹195–₹200 Your projection (~31%) aligns perfectly with classical pattern theory. 🌊 Elliott Wave View Probable structure: Wave (A): ₹210 → ₹100 decline Wave (B): Base formation Wave (C) / New Wave (1): Starting now If this is new impulsive cycle: ₹200+ becomes achievable over medium term. 📊 Momentum Behaviour ✔ Higher lows forming since Sept ✔ Strong weekly bullish candles on right side ✔ Demand visible near ₹110–₹115 ✔ Price near major supply zone (₹150) Breakout needs strong volume confirmation. 🔍 Key Level: ₹150 This is the neckline. Two scenarios: 1️⃣ Weekly Close Above ₹150 → Confirmed breakout → Momentum acceleration → Target ₹175 → ₹195 2️⃣ Rejection at ₹150 → Short-term pullback to ₹130–₹135 → Healthy retest before breakout 📌 Support Zones ₹135 ₹120 ₹110 Invalidation: Sustained weekly close below ₹120. 🏭 Fundamental Angle Company operates in: • Agro processing • Edible oils • Soy derivatives • Export exposure If margin cycle improves and agro theme revives, re-rating possible. But this remains technically driven at present. 🎯 Professional Take This is a transition stock — moving from distribution to accumulation. Risk-reward attractive only: • On confirmed breakout OR • On pullback near ₹130